Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VII, Section II, Chapter III, 'Of those Systems which make Virtue consist in Benevolence':

"Those actions which aimed at the happiness of a great community, as they demonstrated a more enlarged benevolence than those which aimed only at that of a smaller system, so were they, likewise, proportionally the more virtuous. The most virtuous of all affections, therefore, was that which embraced as its object the happiness of all intelligent beings. The least virtuous, on the contrary, of those to which the character of virtue could in any respect belong, was that which aimed no further than at the happiness of an individual, such as a son, a brother, a friend.

In directing all our actions to promote the greatest possible good, in submitting all inferior affections to the desire of the general happiness of mankind, in regarding one's self but as one of the many, whose prosperity was to be pursued no further than it was consistent with, or conducive to that of the whole, consisted the perfection of virtue."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VII, Section II, Chapter I, 'Of those Systems which make Virtue consist in Propriety':

"The principle of suicide, the principle which would teach us, upon some occasions, to consider that violent action as an object of applause and approbation, seems to be altogether a refinement of philosophy. Nature, in her sound and healthful state, seems never to prompt us to suicide. There is, indeed, a species of melancholy (a disease to which human nature, among its other calamities, is unhappily subject) which seems to be accompanied with, what one may call, an irresistible appetite for self-destruction. In circumstances often of the highest external prosperity, and sometimes too, in spite even of the most serious and deeply impressed sentiments of religion, this disease has frequently been known to drive its wretched victims to this fatal extremity. The unfortunate persons who perish in this miserable manner, are the proper objects, not of censure, but of commiseration. To attempt to punish them, when they are beyond the reach of all human punishment, is not more absurd than it is unjust. That punishment can fall only on their surviving friends and relations, who are always perfectly innocent, and to whom the loss of their friend, in this disgraceful manner, must always be alone a very heavy calamity."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VII, Section II, Chapter I, 'Of those Systems which make Virtue consist in Propriety':

"Men of letters, though, after their death, they are frequently more talked of than the greatest princes or statesmen of their times, are generally, during their life, so obscure and insignificant that their adventures are seldom recorded by co-temporary historians. Those of after-ages, in order to satisfy the public curiosity, and having no authentic documents either to support or to contradict their narratives, seem frequently to have fashioned them according to their own fancy; and almost always with a great mixture of the marvellous."

Quotation of the Day

If from Adam Smith's Theory of Moral Sentiments, Part VII, Section II, Chapter I, 'Of those Systems which make Virtue consist in Propriety':

"Those philosophers [the stoics] endeavoured, at the same time, to show, that the greatest misfortunes to which human life was liable, might be supported more easily than was commonly imagined. They endeavoured to point out the comforts which a man might still enjoy when reduced to poverty, when driven into banishment, when exposed to the injustice of popular clamour, when labouring under blindness, under deafness, in the extremity of old age, upon the approach of death. They pointed out, too, the considerations which might contribute to support his constancy under the agonies of pain and even of torture, in sickness, in sorrow for the loss of children, for the death of friends and relations, etc. The few fragments which have come down to us of what the ancient philosophers had written upon these subjects, form, perhaps, one of the most instructive, as well as one of the most interesting remains of antiquity. The spirit and manhood of their doctrines make a wonderful contrast with the desponding, plaintive, and whining tone of some modern systems."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VI, Section III, 'Of Self Command':

"Men of merit considerably above the common level, sometimes under-rate as well as over-rate themselves. Such characters, though not very dignified, are often, in private society, far from being disagreeable. His companions all feel themselves much at their ease in the society of a man so perfectly modest and unassuming. If those companions, however, have not both more discernment and more generosity than ordinary, though they may have some kindness for him, they have seldom much respect; and the warmth of their kindness is very seldom sufficient to compensate the coldness of their respect. Men of no more than ordinary discernment never rate any person higher than he appears to rate himself. He seems doubtful himself, they say, whether he is perfectly fit for such a situation or such an office; and immediately give the preference to some impudent blockhead who entertains no doubt about his own qualifications. Though they should have discernment, yet, if they want generosity, they never fail to take advantage of his simplicity, and to assume over him an impertinent superiority which they are by no means entitled to. His good-nature may enable him to bear this for some time; but he grows weary at last, and frequently when it is too late, and when that rank, which he ought to have assumed, is lost irrecoverably, and usurped, in consequence of his own backwardness, by some of his more forward, though much less meritorious companions."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VI, Section III, 'Of Self Command':

"The wise and virtuous man directs his principal attention to the first standard; the idea of exact propriety and perfection. There exists in the mind of every man, an idea of this kind, gradually formed from his observations upon the character and conduct both of himself and of other people. It is the slow, gradual, and progressive work of the great demigod within the breast, the great judge and arbiter of conduct. This idea is in every man more or less accurately drawn, its colouring is more or less just, its outlines are more or less exactly designed, according to the delicacy and acuteness of that sensibility, with which those observations were made, and according to the care and attention employed in making them. In the wise and virtuous man they have been made with the most acute and delicate sensibility, and the utmost care and attention have been employed in making them. Every day some feature is improved; every day some blemish is corrected. He has studied this idea more than other people, he comprehends it more distinctly, he has formed a much more correct image of it, and is much more deeply enamoured of its exquisite and divine beauty. He endeavours as well as he can, to assimilate his own character to this archetype of perfection. But he imitates the work of a divine artist, which can never be equalled. He feels the imperfect success of all his best endeavours, and sees, with grief and affliction, in how many different features the mortal copy falls short of the immortal original. He remembers, with concern and humilation, how often, from want of attention, from want of judgment, from want of temper, he has, both in words and actions, both in conduct and conversation, violated the exact rules of perfect propriety; and has so far departed from that model, according to which he wished to fashion his own character and conduct. When he directs his attention towards the second standard, indeed, that degree of excellence which his friends and acquaintances have commonly arrived at, he may be sensible of his own superiority. But, as his principal attention is always directed towards the first standard, he is necessarily much more humbled by the one comparison, than he ever can be elevated by the other. He is never so elated as to look down with insolence even upon those who are really below him. He feels so well his own imperfection, he knows so well the difficulty with which he attained his own distant approximation to rectitude, that he cannot regard with contempt the still greater imperfection of other people. Far from insulting over their inferiority, he views it with the most indulgent commiseration, and, by his advice as well as example, is at all times willing to promote their further advancement. If, in any particular qualification, they happen to be superior to him (for who is so perfect as not to have many superiors in many different qualifications?), far from envying their superiority, he, who knows how difficult it is to excel, esteems and honours their excellence, and never fails to bestow upon it the full measure of applause which it deserves. His whole mind, in short, is deeply impressed, his whole behaviour and deportment are distinctly stamped with the character of real modesty; with that of a very moderate estimation of his own merit, and, at the same time, of a full sense of the merit of other people."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VI, Section III, 'Of Self Command':

"The man who acts according to the rules of perfect prudence, of strict justice, and of proper benevolence, may be said to be perfectly virtuous. But the most perfect knowledge of those rules will not alone enable him to act in this manner: his own passions are very apt to mislead him; sometimes to drive him and sometimes to seduce him to violate all the rules which he himself, in all his sober and cool hours, approves of. The most perfect knowledge, if it is not supported by the most perfect self-command, will not always enable him to do his duty."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VI, Section II, Chapter II,  'Of The Order in which Societies are by Nature Recommended to Our Beneficence':

"The man of system... is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to establish it completely and in all its parts, without any regard either to the great interests, or to the strong prejudices which may oppose it. He seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board. He does not consider that the pieces upon the chess-board have no other principle of motion besides that which the hand impresses upon them; but that, in the great chess-board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress upon it. If those two principles coincide and act in the same direction, the game of human society will go on easily and harmoniously, and is very likely to be happy and successful. If they are opposite or different, the game will go on miserably, and the society must be at all times in the highest degree of disorder."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VI, Section II, Chapter II,  'Of The Order in which Societies are by Nature Recommended to Our Beneficence':

"The man whose public spirit is prompted altogether by humanity and benevolence... When he cannot conquer the rooted prejudices of the people by reason and persuasion, he will not attempt to subdue them by force; but will religiously observe... never to use violence to his country... He will accommodate, as well as he can, his public arrangements to the confirmed habits and prejudices of the people; and will remedy as well as he can, the inconveniencies which may flow from the want of those regulations which the people are averse to submit to. When he cannot establish the right, he will not disdain to ameliorate the wrong; but like Solon, when he cannot establish the best system of laws, he will endeavour to establish the best that the people can bear."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VI, Section II, Chapter III,  'Of Universal Benevolence':

"Though our effectual good offices can very seldom be extended to any wider society than that of our own country; our good-will is circumscribed by no boundary, but may embrace the immensity of the universe. We cannot form the idea of any innocent and sensible being, whose happiness we should not desire, or to whose misery, when distinctly brought home to the imagination, we should not have some degree of aversion."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VI, Section II, Chapter II,  'Of The Order in which Societies are by Nature Recommended to Our Beneficence':

"Amidst the turbulence and disorder of faction, a certain spirit of system is apt to mix itself with that public spirit which is founded upon the love of humanity, upon a real fellow-feeling with the inconveniencies and distresses to which some of our fellow-citizens may be exposed. This spirit of system commonly takes the direction of that more gentle public spirit; always animates it, and often inflames it even to the madness of fanaticism. The leaders of the discontented party seldom fail to hold out some plausible plan of reformation which, they pretend, will not only remove the inconveniencies and relieve the distresses immediately complained of, but will prevent, in all time coming, any return of the like inconveniencies and distresses. They often propose, upon this account, to new-model the constitution, and to alter, in some of its most essential parts, that system of government under which the subjects of a great empire have enjoyed, perhaps, peace, security, and even glory, during the course of several centuries together. The great body of the party are commonly intoxicated with the imaginary beauty of this ideal system, of which they have no experience, but which has been represented to them in all the most dazzling colours in which the eloquence of their leaders could paint it. Those leaders themselves, though they originally may have meant nothing but their own aggrandisement, become many of them in time the dupes of their own sophistry, and are as eager for this great reformation as the weakest and foolishest of their followers. Even though the leaders should have preserved their own heads, as indeed they commonly do, free from this fanaticism, yet they dare not always disappoint the expectation of their followers; but are often obliged, though contrary to their principle and their conscience, to act as if they were under the common delusion. The violence of the party, refusing all palliatives, all temperaments, all reasonable accommodations, by requiring too much frequently obtains nothing; and those inconveniencies and distresses which, with a little moderation, might in a great measure have been removed and relieved, are left altogether without the hope of a remedy."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VI, Section II, Chapter II,  'Of The Order in which Societies are by Nature Recommended to Our Beneficence':

"...it often requires, perhaps, the highest effort of political wisdom to determine when a real patriot ought to support and endeavour to re-establish the authority of the old system, and when he ought to give way to the more daring, but often dangerous spirit of innovation."

Quotation of the Day

Is from Adam Smith's Theory of Moral Sentiments, Part VI, Section II, Chapter II, 'Of The Order in which Societies are by Nature Recommended to Our Beneficence':

"The love of our own nation often disposes us to view, with the most malignant jealousy and envy, the prosperity and aggrandisement of any other neighbouring nation. Independent and neighbouring nations, having no common superior to decide their disputes, all live in continual dread and suspicion of one another. Each sovereign, expecting little justice from his neighbours, is disposed to treat them with as little as he expects from them. The regard for the laws of nations, or for those rules which independent states profess or pretend to think themselves bound to observe in their dealings with one another, is often very little more than mere pretence and profession. From the smallest interest, upon the slightest provocation, we see those rules every day, either evaded or directly violated without shame or remorse. Each nation foresees, or imagines it foresees, its own subjugation in the increasing power and aggrandisement of any of its neighbours; and the mean principle of national prejudice is often founded upon the noble one of the love of our own country. The sentence with which the elder Cato is said to have concluded every speech which he made in the senate, whatever might be the subject, 'It is my opinion likewise that Carthage ought to be destroyed,' was the natural expression of the savage patriotism of a strong but coarse mind, enraged almost to madness against a foreign nation from which his own had suffered so much. The more humane sentence with which Scipio Nasica is said to have concluded all his speeches, 'It is my opinion likewise that Carthage ought not to be destroyed,' was the liberal expression of a more enlarged and enlightened mind, who felt no aversion to the prosperity even of an old enemy, when reduced to a state which could no longer be formidable to Rome. France and England may each of them have some reason to dread the increase of the naval and military power of the other; but for either of them to envy the internal happiness and prosperity of the other, the cultivation of its lands, the advancement of its manufactures, the increase of its commerce, the security and number of its ports and harbours, its proficiency in all the liberal arts and sciences, is surely beneath the dignity of two such great nations. These are all real improvements of the world we live in. Mankind are benefited, human nature is ennobled by them. In such improvements each nation ought, not only to endeavour itself to excel, but from the love of mankind, to promote, instead of obstructing the excellence of its neighbours. These are all proper objects of national emulation, not of national prejudice or envy."

Quotation of the Day

From Adam Smith's 'Theory of Moral Sentiments', Part VI: Of the Character of Virtue, Section I: Of the Character of the Individual, so far as it affects his own Happiness; or of Prudence:

"The prudent man always studies seriously and earnestly to understand whatever he professes to understand, and not merely to persuade other people that he understands it; and though his talents may not always be very brilliant, they are always perfectly genuine. He neither endeavours to impose upon you by the cunning devices of an artful impostor, nor by the arrogant airs of an assuming pedant, nor by the confident assertions of a superficial and imprudent pretender. He is not ostentatious even of the abilities which he really possesses. His conversation is simple and modest, and he is averse to all the quackish arts by which other people so frequently thrust themselves into public notice and reputation. For reputation in his profession he is naturally disposed to rely a good deal upon the solidity of his knowledge and abilities; and he does not always think of cultivating the favour of those little clubs and cabals, who, in the superior arts and sciences, so often erect themselves into the supreme judges of merit; and who make it their business to celebrate the talents and virtues of one another, and to decry whatever can come into competition with them. If he ever connects himself with any society of this kind, it is merely in self-defence, not with a view to impose upon the public, but to hinder the public from being imposed upon, to his disadvantage, by the clamours, the whispers, or the intrigues, either of that particular society, or of some other of the same kind."

Quotation of the Day

Is from Adam Smith's 'Theory of Moral Sentiments', Part IV, Chapter II: Of the beauty which the appearance of Utility bestows upon the characters and actions of men; and how far the perception of this beauty may be regarded as one of the original principles of approbation:

"What institution of government could tend so much to promote the happiness of mankind as the general prevalence of wisdom and virtue?  All government is but an imperfect remedy for the deficiency of these.  Whatever beauty, therefore, can belong to civil government upon account of its utility, must in a far superior degree belong to these.  On the contrary, what civil policy can be so ruinous and destructive as the vices of men?  The fatal effects of bad government arise from nothing, but that it does not sufficiently guard against the mischiefs which human wickedness gives occasion to."

Quotation of the Day

Is from Adam Smith's 'Theory of Moral Sentiments', Part I, Section III, Chapter III: Of the corruption of our moral sentiments, which is occasioned by this disposition to admire the rich and the great, and to despise or neglect persons of poor and mean condition:

"To deserve, to acquire, and to enjoy the respect and admiration of mankind, are the great objects of ambition and emulation.  Two different roads are presented to us, equally leading to the attainment of this so much desired object; the one, by the study of wisdom and the practice of virtue; the other, by the acquisition of wealth and greatness.  Two different characters are presented to our emulation; the one, of proud ambition and ostentatious avidity; the other, of humble modesty and equitable justice.  Two different models, two different pictures, are held out to us, according to which we may fashion our own character and behaviour; the one more gaudy and glittering in its colouring; the other more correct and more exquisitely beautiful in its outline: the one forcing itself upon the notice of every wandering eye; the other, attracting the attention of scarce any body but the most studious and careful observer.  They are the wise and the virtuous chiefly, a select, though, I am afraid, but a small party, who are the real and steady admirers of wisdom and virtue.  The great mob of mankind are the admirers and worshippers, and, what may seem more extraordinary, most frequently the disinterested admirers and worshippers, of wealth and greatness."

Quotation of the Day

Is from Adam Smith's 'Theory of Moral Sentiments', Part I, Section I, Chapter 1: Of Sympathy

"How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it."

Quotation of the Day

Is from Adam Smith's 'Theory of Moral Sentiments', Part III, Chapter 3: Of the Influence and Authority of Conscience:

"It is needless to observe, I presume, that both rebels and heretics are those unlucky persons, who, when things have come to a certain degree of violence, have the misfortune to be of the weaker party. In a nation distracted by faction, there are, no doubt, always a few, though commonly but a very few, who preserve their judgment untainted by the general contagion. They seldom amount to more than, here and there, a solitary individual, without any influence, excluded, by his own candour, from the confidence of either party, and who, though he may be one of the wisest, is necessarily, upon that very account, one of the most insignificant men in the society. All such people are held in contempt and derision, frequently in detestation, by the furious zealots of both parties. A true party-man hates and despises candour; and, in reality, there is no vice which could so effectually disqualify him for the trade of a party-man as that single virtue."